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RANCHO RESORT
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Everready Glass
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Meridian Bank, based in Scottsdale, has been laboring under a portfolio of bad real estate loans, and reports that it lost $42.8 million in the second quarter, according to the East Valley Tribune.

But the bank also said it had received an injection of $50 million in fresh capital from its owner and had moved $100 million in underperforming assets off its books.

The capital was added by the Carl R. Pohlad family of Minneapolis, owner of Meridian, with holdings in a wide range of companies in financial services, business services, real estate investment banking, and the beverage, retail and entertainment industries, including ownership of the Minnesota Twins major-league baseball team.